KARACHI, April 17 (Reuters) - Pakistani stocks closed higher
on Wednesday after a steep fall of more than 350 points in the
last two sessions, with renewed buying in Maple Leaf Cement and
Engro helping the recovery, traders said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.18 percent, or 32.25 points, higher at
Maple Leaf Cement Factory Ltd was up 5.75 percent
to 18.39 rupees while Engro climbed five percent to
Pakistan Telecommunication Co Ltd fell 3.76
percent to 18.45 rupees and
In the currency market, the rupee ended almost steady
at 98.34/98.39 against the dollar. Overnight rates in the money
market remained flat at 9.40 percent.
(Reporting By Mehreen Zahra-Malik)